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Futures Tumble On AI Spending Fears As Brent Hits 2 Week High
Futures Tumble On AI Spending Fears As Brent Hits 2 Week High
US equity futures are lower, dragged by tech, following a report that OpenAI missed revenue and user targets and there growing internal pushback against Sam Altman's notorious aggressive spending (the company has $1.5 trillion in commitment it won't be able to meet), which is hitting semiconductors and the broader supply chain. AS of 8:15am ET, S&P futures are down 0.7% and Nasdaq futures dropped 1.2% as concerns resurfaced over whether the vast amounts of investment in artificial intelligence will...
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IRGC Seizes Ship With Witkoff-Kushner Team En Route To Pakistan; US Sanctions Chinese Refinery, Iran Shadow Fleet
IRGC Seizes Ship With Witkoff-Kushner Team En Route To Pakistan; US Sanctions Chinese Refinery, Iran Shadow Fleet
Summary
IRGC seizes a ship it says 'collaborated with US' in provocative move ahead of Pakistan talks; Iran FM preparing written proposal for US side.
President Trump is sending two envoys - Steve Witkoff and Jared Jushner - for talks with Iran in Pakistan, CNN reported, while Tehran sounded a more pessimistic tone on the prospects of further negotiations
US hits Iran 'shadow fleet' with new sanctions, also takes aim at Chinese 'teapot' oil refinery.
Third US...
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